American Cannabis Company, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 03:35 pm EDT
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American Cannabis Company, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 619,979 compared to USD 549,913 a year ago. Operating loss was USD 350,923 compared to USD 112,351 a year ago. Net loss was USD 368,652 compared to USD 101,763 a year ago. For the half year, total revenue was USD 945,958 compared to USD 990,295 a year ago. Operating loss was USD 584,081 compared to USD 295,832 a year ago. Net loss was USD 490,549 compared to USD 279,310 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
American Cannabis Company, Inc. provides advisory and consulting services specific to the cannabis industry, designs industry-specific products and facilities, and manages a strategic group partnership offering exclusive and non-exclusive customer products commonly used in the industry. The Company operates within the regulated cannabis industry with three operation divisions: consulting and professional services; the sale of products and equipment commonly utilized in the cultivation, processing, transportation, or retail sale of cannabis; and its licensed owner-operator medical marijuana dispensaries and cultivation facilities located in Colorado Springs, Colorado under the trade name Naturaleaf. Its service offerings include cannabis business planning, cannabis business license applications, and cultivation build-out oversight services, among others. Its product offerings include The Satchel, SoHum Living Soil, High Density Cultivation System and The Cultivation Cube, among others.